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Old 04-04-2012, 07:31 PM
 
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Quote:
Originally Posted by WendyRLee View Post
There are still quite a few deals to be found on homes, but the market is picking up now that it is warmer out. You may want to inquire about a 203K FHA loan. that would allow you to do improvements up to $35,000 on a property and roll it on to your loan. That way if you get a good deal on a property you can put in your dream kitchen.
That's for sure. The houses in my neighborhood have been selling REALLY fast this spring. If OP sees something good, I'd be prepared to move on it. That said, we're not in West Bloomington. I know as of last summer there were some incredible deals to be found, and even if they've gone up in price they still may well be within the realm of affordability, especially if OP is willing to do a little remodeling or live with a slightly outdated kitchen for now.
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Old 04-08-2012, 11:43 AM
 
Location: Minneapolis
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I suppose it depends what kind of house you're looking for (80's-90's large homes vs. 60's-70's ramblers and split levels), but I see so many great deals in west Bloomington (in Jefferson High's attendance area), I wish I was in a position to buy another house today.

Houses there are generally well-built, and the neighborhoods are pleasant places to live, without the price tags of a similar building in Eden Prairie or Edina. Some might need updating, others are ready to go.

In my dad's Poplar Bridge neighborhood, "ready to go" houses around the $200,000 mark go fast, and values have held relatively steady compared to most neighborhoods in the Twin Cities area.
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